By Marisa Wong
Madison, Wis., Oct. 31 – DoubleDragon Properties Corp. announced it raised PHP 7.4 billion through an offering of seven-year fixed-rate corporate notes.
The company said it increased the issue size to PHP 7.4 billion from the originally planned PHP 6.5 billion due to strong institutional demand.
BDO Capital & Investment Corp. assisted with the offering.
Proceeds will be used to finance capital expenditures primarily for the development of CityMall community malls, DoubleDragon Plaza at Meridian Park, Dragon8 Shopping Center-Divisoria and the Skysuites Tower, as well as for general corporate purposes.
The real estate developer is based in Makati City, Philippines.
| Issuer: | DoubleDragon Properties Corp.
|
| Issue: | Fixed-rate corporate notes
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| Amount: | PHP 7.4 billion
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| Maturity: | Seven years
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| Agent: | BDO Capital & Investment Corp.
|
| Announcement date: | Oct. 30
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